In May, the economic situation in the country improved for a second month in a row. There was an improvement in retail trade, construction and services, but there was a decline marked in industry.
In construction, industry and services, no price changes are expected in the next 3 months, while retailers anticipate a slight increase, according to the National Statistical Institute. The general indicator of the business climate in May rose by 0.6 points in comparison to April, when it also rose by 1.8 points. The business climate for the fifth consecutive month since the beginning of 2024 remains above the long-term average and is now 25.4%. Industrial companies are having trouble securing orders, construction companies are complaining about rising prices of materials and customers with payment problems, while retailers are optimistic about sales, according to a survey among managers.
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..
The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..
The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria, with the minimum wage in the country reaching at least 80% of the subsistence wage by 2027. According..
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